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Business, 06.12.2020 04:50 zariyastanfield4452

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Galvatron Metals has a bond outstanding with a coupon rate of 5.8 percent and semiannual payments. The bond currently sells for $944 and matures in
20 years. The par value is $1,000 and the company's tax rate is 40 percent. What is the company's aftertax cost of debt?

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Galvatron Metals has a bond outstandin...

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